DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $120.10 Million Holdings in Philip Morris International Inc. (NYSE:PM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 25.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 997,887 shares of the company’s stock after purchasing an additional 200,645 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Philip Morris International were worth $120,096,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. GQG Partners LLC lifted its position in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth approximately $522,214,000. Kovitz Investment Group Partners LLC increased its stake in Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock valued at $656,303,000 after acquiring an additional 4,298,530 shares during the last quarter. Capital World Investors increased its stake in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after buying an additional 3,185,258 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 0.8 %

Shares of PM opened at $175.39 on Thursday. Philip Morris International Inc. has a 12-month low of $97.18 and a 12-month high of $176.49. The stock has a market cap of $272.99 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.65 and a beta of 0.50. The business’s fifty day moving average is $158.35 and its 200 day moving average is $140.42.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.50 EPS. On average, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.08%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PM. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Barclays upped their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $166.33.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.